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e-SMART® Technologies Continues Delivery of Its New Super SMART™ Card in South Korea

New York and Seoul, February 28, 2008 / PRNewswire-FirstCall via COMTEX/ — e-SMART® Technologies, Inc., (Pink Sheets;ESMT); with its parent company IVI Smart Technologies, Inc., (“e-SMART”® or the “Company”) is pleased to announce that it has signed a contract to deliver its newest Super SMART Card™, the “I AM,”™ to the SamWon FA Co., Ltd., in Seoul, South Korea.

SamWon FA is the largest micro-VAN (payment value added network) company in South Korea and a leading manufacturer of control and system engineering machinery and tools in South Korea. It supplies contactless card terminals, vending machines and auto parking lot systems in Pusan City. As part of the Agreement between e-SMART® and SamWon FA, e-SMART® will begin delivering its most advanced Super SMART Card™ for use in vending machines, card terminals and parking systems in Pusan City in early March, and will deliver additional product in June.

Commenting on the contract with SamWon FA, Mary Grace, CEO of e-SMART® said, “We are so pleased to be providing our most advanced Super SMART Card™ to SamWon and I believe it will provide a level of safety and security unmatched in the market today.”

e-SMART® Technologies, Inc., is the exclusive supplier of the Biometric Verification Security™ (BVS2™) system, the “I AM”™ card and the Super SMART Card™ system and related system technologies for Asia, Africa and the U.S., which e-SMART® believes to be the world’s first smartcard of its kind with an on-card sensor and a full match on-card system and other unique technologies for secure biometric ID verification. e-SMART’S® next generation technologies allow governments, public and private institutions, healthcare providers and insurers, companies large and small, to provide a superior level of protection. The “I AM”™ card, Super SMART Card™ system and BVS2™ security system can assist in securing countries from criminal and terrorist threats, stop ID and payment fraud, along with identity theft in connection with physical and logical access and financial transactions, including telephone, Internet payment and other financial and data related transactions all while protecting individual privacy.


SAFE HARBOR STATEMENT
Statements in this news release that relate to future plans, financial results or projections, events or performance are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. While these statements are made to convey to the public the Company's progress, business opportunities and growth prospects, readers are cautioned that such forward-looking statements represent the management's opinion. While management believes such representations to be true and accurate based on information available to the Company at this time, actual results may differ materially from those described.

For more information about e-Smart® Technologies, please visit http://www.e-smart.com or contact Media Relations at 703-768-7477 or media@e-smart.com

SOURCE e-Smart® Technologies, Inc.